The USD/CHF pair has maintained a sideways trend in recent sessions, anticipating a downward momentum to facilitate a resumption of the primary bearish trend. The focus is on a potential test of the 0.8552 level.
The bearish wave is being supported by the EMA50, and the price movement is confined within a bearish channel with negative targets extending beyond the previously mentioned level. It’s crucial for the anticipated decline that the price remains below 0.8710.
The projected trading range for today is expected between the support at 0.8540 and resistance at 0.8670.
Today’s Trend: Bearish